China Mint


historic Shenyang Mint building
historic Shenyang Mint building.

The People's Bank of China is the country's central bank. It is in charge of currency production and distribution in China. The production is in the hands of the China Banknote Printing and Minting Corporation (CBPM). Its mints produce China's circulating coins, commemorative coins, gold and silver coins and are active in the processing of gold and silver.

China's most popular precious metal coin is the Chinese Gold Panda that is being produced since 1982. These coins are classified as "Chinese Modern Precious Metal Commemorative Coins" (CMPMCC) for which the China Gold Coin Incorporation is responsible since 1987 under license of the People’s Bank of China. The China Gold Coin Incorporation has a number of subsidiary/branch companies that mostly deal with the domestic and international distribution of the precious metal coins.

Minting Facilities

The China Banknote Printing and Minting Corporation (CBPM) operates mints in Shanghai (17 Guangfu West Road, Putuo District), Shenyang (138 Dadong Road, Dadong District), Nanjing (Dongshanzhen, Jiangning District) and a gold and silver refinery in Sichuan. The China Gold Coin Incorporation runs a modern mint in Shenzhen (licensed as Shenzhen Guobao Mint Ltd) that produces all the Chinese Gold Panda coins since 2005. Until then they were produced by the mints in Shanghai and Shenyang. The coins don't have mint marks.

History

When the Shenyang Mint was founded in 1896 as the “Fengtian Machinery Bureau”, China was still under the imperial rule of the Qing government. The Shanghai Mint was established in 1920 and the Nanjing Mint in 1985. Several branch mints existed during the Sino-Japanese war and the revolutionary war that followed it. All these branches were closed afterwards.

historic Shanghai Mint building
historic Shanghai Mint building.

The People’s Bank of China issued its first gold coin in 1979 to mark the 30th anniversary of the founding of the People’s Republic of China. Since then, China has issued more than 1.700 different precious metal coins. The Chinese Gold Panda coin series started in 1982 with the available denominations of 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. The 1/20 oz coin followed in 1983. This small size (and the 1 g coin that was only issued in 1991) was a world's first for bullion coins. Larger coin sizes such as 5 oz, 12 oz and 1 kg were minted as well in certain years. The Chinese Gold Panda coins also were the world's first gold bullion coins with annual design changes on their reverse side (with the exception of 2001/2002 when the design didn't change).

The China Banknote Printing and Minting Corporation (CBPM) created the designs on the obverse and reverse of the Chinese Gold Panda coins between 1982 and 1986. In 1987, the China Gold Coin Incorporation took over responsibility for the design, manufacturing and distribution of the popular coins.

Popular Gold Bullion Coins

China's most popular gold bullion coin is the Chinese Gold Panda that is being produced since 1982 in a variety of denominations. The coin series also exists in silver. Its design changes each year (with one exception) and it appeals to investors and collectors alike.

Chinese Lunar coins in gold and silver follow the panda coins in popularity. Furthermore, Chinese Unicorn coins were minted in gold, silver and platinum from 1994 to 1997 and are still popular among collectors.


Chinese Gold Pandas

annually changing design
in 1 oz,1/2 oz,1/4 oz,1/10 oz,1/20 oz
99.9% gold

reverse side of the 2016 Chinese Gold Panda coin
obverse side of the 2016 Chinese Gold Panda coin